Posted To: MBS Commentary
There continues to be little to observe or conclude in this 'holiday-light' trading environment. While today's data will provide at least something to observe, conclusions will remain elusive. That's OK though. That's the nature of the game this time of year. Bond markets might as well be closed , but because they are technically open, there remains some small risk of a big enough break that we might care. The frustrating thing about considering such breaks is that--because of the holiday trading environment--we couldn't conclude that the break was meaningful. For those of you who like to have at least one small risk to obsess over, consider this: the last time bond yields bounced near the top of the recent range, they followed through with a break across the mid-point...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1R5GrB7
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